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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: bill who wrote (2565)	2/2/2002 10:27:42 PM
From: bill	Read Replies (1) \| Respond to of 11633

Well, I'm glad I'm not the only one that can't make any sense out of house prices. Housing Sales, Prices Set New Records Marke Defies Reason Canadian home sales set a new record last year, and the average house price climbed to an all time high of 171,910, as the residential real estae market defied the economic downturn thanks in large part to low mortgage raets. "It defies reason. It really does," said Sherry Chris, vice president of network services with Royal LePage. "We've been reporting record years for our offices right across he country. (HERE's THE KICKER. WE'VE GOT LARGE UNEMPLOYMENT, LARGE CUTS IN THE CIVIL SERVICE, YET) British Columbia saw the largest increase in unit sales for the year up 28% jump over 2000. It also had the highest average house price at 222,984.